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Registered Representative Salary

Registered Representatives in the United States can expect to earn an average of $40K annually. Medical benefits are awarded to most, and a strong majority earn dental coverage. The majority of Registered Representatives claim high levels of job satisfaction. Women make up a slight majority of Registered Representatives (52 percent) survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.
$32,657 - $59,628
(Median)
33K
48K
60K
MEDIAN: $40,038
10%
75%
90%

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$12.08 - $22.30
(Median)
12
15
18
21
MEDIAN: $17.00
10%
25%
50%
75%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$32,657 - $59,628  
   
Bonus
$503 - $7,240  
Profit Sharing
$1,474 - $3,561  
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,402 - $62,200  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 114
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.08 - $22.30  
   
Overtime
$1.53 - $35.45  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$503 - $7,240  
   
Commission
$-0.50 - $297,988  
Profit Sharing
$1,474 - $3,561  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,402 - $62,200  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 20
United States (change)

Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Registered Representative Job Listings

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Experience Affects Registered Representative Salaries

Experienced
up arrow 27%

Mid-Career
up arrow 15%

National Average
$43,000

Entry-Level
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 24 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
54%
5-9 years
22%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 71%
vision benefits Vision: 57% employee benefits None: 15%